How To Register A Business Name Sole Trader
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How to register a business name sole trader. If you want to trade your business under a specific name you need to register it as a business name with the australian securities investments commission asic. Registering your business name to the new abn after your receive the transfer number you will need to log into the asic connect account for your new company. Register as a sole trader. Instead you simply need to register as self employed with hmrc. Identified your business structure.
Sole traders it s simpler to set up as a sole trader but you re personally responsible for your business s debts. How to register as a sole trader getting sole trader registered is very simple. You will need to get an australian business number abn before applying to register a business name. Once you have determined that your name is available to use and complies with all the rules the next step is to register as a sole trader. You can apply for a business name and other key business registrations through the business registration service.
You will need to visit the official gov uk website and register for self assessment. To register as a partner fill out form sa401. In the licences and registrations tab select the option to register a business name. Checked your business name is available. It s an offence to carry on business under an unregistered business name unless you trade under your own name such as mary jones.
To find your business name you must enter it exactly how it is listed in the asic register. Startups of london prepared a small business checklist to explain how to register a business name if you re setting up a limited company. If you choose this route you do not need to register your business with companies house. Register your business name. The process is relatively easy to follow though some questions might arise which requires professional assistance.
It is free to apply online for an abn with the australian business register. Most businesses register as a sole trader limited company or partnership. When filling out official paperwork for a partnership it s important to include all the partners names. All partners need to send their own tax returns as individuals. If you choose not to use your own name you will need to register a business name with the australian securities and investments commission.